Saturday, November 7, 2009
Saturday, October 17, 2009
Sunday, June 21, 2009
Saturday, June 20, 2009
Fruit of Capitalism: Inequitable Distribution of Resources
According to recent report by UN Food Agency, 1.02 billion people around the world do not get enough food. That is, one in every six people remains malnourished. This is one of the fruits of capitalism, where wealth remains concentrated with few individuals who keep on making more wealth from their existing wealth while a majority of people keeps on struggling for their basic needs. According to Forbes magazine, top ten richest people in the world have the following estimated amount of wealth, which is more than enough to feed 1 billion hungry people for more than one year:
1. Bill Gates, $40 billion (Richest American)
2. Warren Buffett, $37 billion (American billionaires)
3. Carlos Slim Helu, $35 billion (Richest Mexican)
4. Lawrence Ellison, $22.5 billion (American billionaire)
5. Ingvar Kamprad, $22 billion (Richest Swedish man)
6. Karl Albrecht, $21.5 billion (Richest German)
7. Mukesh Ambani, $19.5 billion (Richest Indian)
8. Lakshmi Mittal, $19.3 billion (Indian Billionaire)
9. Theo Albrecht, $18.8 billion (German billionaire)
10. Amancio Ortega, $18.3 billion (Richest Spanish man)
World is in need of an alternative financial/economic system, which would ensure the equitable distribution of resources.
The quranic system of Infaaq, Zakat, Sadqa, Circulation of Wealth and No hoarding of money ensures that no one on the earth lives hungry.
Reason and Passion
Tuesday, June 16, 2009
Reason of rise of madrassas in Pakistan
What Pakistan Needs? Better Pakistanis or Better Muslims?
Monday, March 9, 2009
Wednesday, February 18, 2009
"Buy American" policy of America
Pakistan's Nishat Mills Profits
Nishat Mills Ltd (NML), Pakistan's largest composite mill increased its first-half (2008-2009) net profit by 128% to PKR1197m (US$15m), compared to the same period last year. The company's sales rose by PKR4.2bn to PKR12bn, while the cost of sales was upby PKR2bn to PKR9bn during the period under review.
Its profit after tax in the year ended June 2008 jumped by 267% to PKR6.13bn (US$87m), compared to PKR1.67bn a year earlier.
Source: just-style